Economics
Oil Advances on Optimism U.S. Economic Growth to Accelerate
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Oil rose on speculation U.S. economic growth will accelerate next year, bolstering demand in the world’s biggest oil-consuming country.
Futures climbed 0.9 percent before the release of data this week that may show U.S. gross domestic product expanded at a faster pace than estimated earlier. Gasoline futures advanced as a fuel-making unit serving the U.S. East Coast market remained shut for repairs.